Bitcoin eyeing a drop below 34k

As noted here earlier today, Bitcoin managed to hold above 34k in weekend trading. The subsequent rebound back above 36k earlier today was already unravelling when that previous update was sent out and now it has fallen back further. The drop back towards 34k has also gotten some impetus from further falls in the price of Ether. ETHUSD is now under further pressure too and close to session lows right now. The prospect of that dropping to below $2,300 is very much live at this moment. Bitcoin although still rising against Ether, is currently not faring too well in dollar terms. It is just now trading at $34,490